Barclays Stockbrokers ISA
Barclay’s Stockbrokers is part of the Barclays Bank Group and were established in 1986, they offer the Barclays Stockbrokers Investment ISA.
Finding an Investment ISA
Every eligible person is allowed to open up to a maximum of one investment ISA in each tax year, although it may be able to transfer an investment ISA. As such it is a good idea to shop around different Investment ISAs and providers to try and find the product the best suits your investment requirements.
Using the tables on this website you can compare a selection of different kinds of ISAs and follow the links to find out more and apply.
About Investment ISAs
Investment ISA’s are financial product that allows individuals to place a tax-efficient wrapper around up to their maximum ISA allowance, which can then be used to invest money into various other ‘qualifying investments’ such as investment trusts, shares, funds and stocks. Gains made from investments within the ISA are not subject to Capital Gains Tax, dividends incur 10% income tax at source however there is no further income tax to pay upon them.
The value of your investments can go down as a well as up and you could get back less than you originally invested.
In addition to Investment ISAs such as Innovative Finance ISAs and Cash ISAs, ISA rules allow individuals to open up to one of each type of ISA in each tax year, However the overall ISA allowance applies to all of these ISAs which means that individuals who opt to have more than one kind of ISA will need to remember to break up their allowance between their Individual Savings Accounts (ISAs) so they do not exceed it.
- Cash ISAs: Savers can contribute up their maximum ISA allowance into a Cash ISA, these are similar to standard savings accounts offered by banks and building societies, in that money deposited into the account will accumulate interest. What differentiates them is that this interest will be paid tax-free.
- Innovative Finance ISAs: Offer a tax-efficient wrapper for investments in Peer to Peer Lending.
It is possible to transfer an ISA into another ISA with either the same or a different provider. Remember that while all ISA providers have to permit transfers out, not all ISAs will allow transfer s in so if you are thinking of moving your account you should ensure the account you wish to move do does permit transfers-in. Providers may impose a interest based penalty for transferring out.
ISA transfers can be carried out between different sorts of ISA e.g. from an Investment ISA into a Cash ISA or vice versa.